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on november comps. gap, macy's, target, all disappointing. is it all due to sandy and what does it mean for the holidays. >> tiffany is not a statement on lucksy, but rather company specific. >> quite near meets with the president today. . >> and we have another upgrade for research in motion. this time at goldman-sachs saying the blackberry 10 will not only beat expectations but also put the company in the black by fiscal '14. >> target, macy's and kohl's reporting unexpected declines. number of retailers blaming sandy for the lackluster results, david and jim. they say the second half of the month wasn't so bad, but still a lot of white knuckles as somebody said about the holidays. >> i think that one of the untold stories may still be exactly how bad sandy was. sandy is going to turn out to be a $100 billion storm. but i think it's a shutdown. it was the shutdown of a major part of the infrastructure of the nation. i'm going to go with the retailers who blame sandy. i'm going to take them at face value. >> so macy's they say record setting volume when it comes to thanksgiving, but th
talk about the october surprise before the elections. this year maybe it was super storm sandy. in china, it seems to be the emergence of the one seen behind of scenes as pulling the strings here. you can explain to people why we're suddenly talking about him and what his importance is? >> even though the people's republic is 63 years old, they don't really have a system in place for succession. mao was leader for life until he died. and then his successor was again a strong man, he was not the president, not a prime minister, not a party general secretary, but he was the ultimate leader. and he decided that min would take over after him and then hugh engine you take you. thousand he's gone. there's nobody around, nobody from the first generation could decide who the next leader will be. so it's the current generation of leaders who have to decide for themselves how they will be succeeded. and this is a totally new experience for china. >> and it's also an experience that the rest of asia is watching very closely. as you say, despite the global media attention very much big on
saw the special animation . >> steve: haven't heard about this. >> gretchen: hurricane sandy sequel dumping snow, wind and ice on people who have no power, heat or water. but help is not on the way. fema is closed due to weather. are you kidding me? >> steve: a big win for president obama leading to a drop if your 401 k. wall street gets hit hard . the investors fear it is the worst to come. so far it is a cheering show. >> brian: let's see what i got. the president promising bipartisanship . harry reid has his dancing shows on. we'll explain. "fox and friends" starts right now. ♪ ♪ "fox and friends". >> gretchen: were they ballet shoes or tap shoes. >> steve: a line dancer. >> brian: boxers can slug and dance. he said i can do both. he prefers to dance. >> steve: we'll tell you about harry reid who is ready to do fighting or dancing . and first it was sandy and now it is snowing. >> brian: i would like to know a storm without a name. >> gretchen: it is call would snow . mother nature playing a cruel trick on people without power. new york, new jersey, with rain, sleet and snow.
homes. >>> still recovering from super storm sandy, residents in new jersey and new york are now being hit by a nor'easter. the heavy, wet snow took down power lines and made the evening commute a pretty dangerous one. >> more than 1,000 flights have been canceled at area's airports and the nation's largest commuter railroad came to a halt. central park picked up 4 inches of snow, which is a record for this date. >> biggest one, ocean county, new jersey, got a foot of snow. pretty big storm. >> you love snow too. >> no, wake me when it is april. the storm is moving into new england making for what is likely to be a messy morning commute. >> with more on the track of snow and rain we are jind by accuweather meteorologist jim dickey. good morning, jim. >> good morning, rob, paula. the effects of the nor'easter. it is rolling out and weakening. this morning we will see conditions improve, new york city down through pennsylvania. storms over in the mid-atlantic. sunshine for the day in fact. dealing with snowfall. massachusetts on northward. inland, in maine, then rain stays steady and hea
would be remiss if i did not bring up hurricane sandy, actual gasoline is something we depend too much upon and if we had natural gas, powered cars some of us may have fared a little better. does that affect the landscape looking ahead at all? >> i am not sure about this, because reality is we have the gasoline, the power went out at the station. we switch to natural gas, i'm not sure that would have mattered. a natural disaster you cannot do much about. david: one of scott's picks was the southwestern gas. putting the ticker up, i want to ask about where you're putting your portfolio or how you're moving it around based on election results. i imagine you're more in cash than you were yesterday. >> yes, we are. we had been building up our cash position, allocating like bonds and fixed incomes, sweeping the treasury will go down 1.5%. we think there is more to be made there, but we are reallocating. pulling money out of equities. we feel some point in time there will be a dislocation in the market. so we're just waiting for those opportunities and being patient. liz: good to see you bot
. >>> also day 6 since superstorm sandy hits, chaos from gas shortages still reign. we've been hearing this will be over but how long will it take to end. >>> people say the economy doesn't care who is elected president. two all-stars will duke it out. even when they say it's not it is always about money. melissa: first up, let's look at the day's market headlines. investors were on cautious footage day before the election. a choppy day of trading eventually led to small gains from stocks. the dow rose 19 points. apple sold three million new ipads over the weekend. ipad mini officially hit store shelves on friday. shares of apple rallied on the news, closing up more than 1%. shares of netflix, jumped 2%, a shareholder plan to prevent a hostile takeover by the company was approved by the board. activist investor carl icahn disclose ad 10% stake in netflix last week. our top story, the day before the big day. obviously all eyes are on the election the final result will have a huge impact on your money. everything from taxes to health care costs. here for a quick roundup, is fox news's on
, >>> this morning on "world news now" -- more misery for areas hard hit by and still reeling after sandy. >> a snowy nor'easter is dumping up to 10 inches of snow in the new york area making for some real problems this morning. it's thursday, november 8th. >> announcer: from abc news, this is "world news now." >>> welcome everyone. adding insult to injury, snow on top of all of the destruction from sandy. just what this area of the country did not need. good morning, everybody, i'm paula faris. >> good morning, everybody, i'm rob nelson. our nor'easter coverage is up first. >>> also this half-hour, freed after nearly four decade in prison for murders he says he did not commit. the story of a newly freed man also coming up in this half-hour. >>> then, the question -- is the shine off of apple. practically everyone has an i-something. but the company stock is sliding and plenty of people want to know what is wrong with the once mighty tech giant. did you ever think you would hear stock sliding, apple in trouble? >> i think financially they're okay. >> think they are. >> a bunch of guys who knew what t
a look at cold and macy's. both have come under some pressure. noting hurricane sandy, macy's same-store sales fell, also mentioned sandy as well. kohl's down 10%. lori: thank you, nicole. an upward revision appeared tonight, but our next guest expects growth to decline for the fourth quarter. deutsche bank security nominee with his outlook for next year, and if we get to it, some expectations on continued stimulus which we heard this week as well. this was the second print out of three on third-quarter gross domestic product. looks like a nice upward provision. about 2%, but if you look under the hood there are some serious problems and i will let you start there. >> a little bit of fine print. consumer spending was revised lower, business investment in equipment and software. for the upward revision was due to a lot more inventory being accumulated last quarter, partly due to a faster pace of economic activity. not the strengthening in the number we would like to see. lori: does it suggest go to the softening consumer picture, people are not buying stuff simply put question marks
cost ello. this hour, superstorm sandy has a cruel, cold kitchen following in its footsteps. this new storm is lashing the northeast with snow, rains and wind and hitting the very same areas struggling to recover from last week's devastation. up to eight inches of snow in some areas and power outages from delaware to maine. chewing into the coastline, leaving hundreds of thousands without electricity and heat. rob marciano is on new york's staten island, one of the hardest-hit areas from sandy, where residents now face a whole new set of problems. i just can't imagine the misery there, rob. >> reporter: no. the people that live here, just trying to survive here, they couldn't believe it was happening last night as well. snow was coming down, much more than we anticipated, matter of fact. we got probably four or five inches of it. the sun is trying to break through. the snow is done. that's good. at this time during sandy, the water was up and over my shoulders. homes like this off their foundation f their home was still standing, the bottom floor is completely gutted and brought in ac
winds to the northeast as the region still tries to recover from sandy. a live report from the weather channel. >>> u.s. equity futures are flat at this hour after a big selloff yesterday. a couple individual stock stories that we're watching. apple is in a bear market, down more than 20% from its all time high on september 21st, the day the latest iphone went on sale. apple still enjoys the world's largest market cap. i think maybe yesterday michelle was doing fast money or halftime report or whatever it was and he was talking about you start -- you start shrinking things to make new product or you put out a different color of the ipad. the true innovator already died. every place he went, people were long apple and they already overloved it, so he shorted it at much higher levels. and so far so good. >> got to get that analyst back. >> google was supposed to get there. never made it either. but kind of ugly. >> google probably has a better chance than apple. >> when it had $150 billion market gap, i said it's a gadget company, it can't possibly. so i -- i recuse myself. anyway, qualc
's bringing the northeast once again to its knees. thousands of superstorm sandy victims in new york and in new jersey enduring damaging winds and driving snow and bitter cold temperatures, all in the dark. as of 3:00 this morning, there are close to 700,000 customers in new york and new jersey, who don't have power. that number's rising. more than 1,500 flights have already been canceled, and just when service on the long island rail road was returning to normal, it was again suspended last night. team coverage of this early winter storm. susan candiotti is with us live from asbury park in new jersey. rob marciano is live in staten island, where they are reeling from last week's hurricane. so much damage there, rob. good morning. >> reporter: good morning, soledad. boy, they didn't need this. and we didn't actually expect to be this much snow. we knew there would be some snow, but not to the point where it was piling up. so this is an area where during the height of sandy, the storm surge was up and over my shoulders. so most of these homes, at least their first floor has been wiped
companies on their handling of hurricane sandy. this is the "cbs morning news" for thursday, november 15, 2012. good morning. thanks for joining us. i'm duarte geraldino. the sex scandal that forced cia director david petraeus to resign is widening. here's what we know. petraeus' mistress paula broadwell sent emails to petraeus and other senior military leaders besides general john allen. he's the top commander in afghanistan. meanwhile the fbi agent frederick humphries who launched the investigation of emails is being investigated by the fbi for his role in the case. specifically why he took concerns about this case to republican members of congress. house and senate panels are expected to meet again today with fbi and cia officials. they want to know whether national security was jeopardized and why congress didn't know about the investigation sooner. during a news conference on wednesday president obama praised david petraeus. >> general petraeus had an extraordinary career. he served this country with great distinction in iraq, in afghanistan and as head of the cia. by his own assess
of -- in the aftermath of hurricane sandy last week. >> if the president of the united states does something good, i'm going to say he did something good and give him credit pore ifor it. but it doesn't take away for a minute i was the first governor in america to endorse mitt romney, that i traveled literally tens of thousands of miles for him, raised tens of millions of dollars for him. >>> hurricane sandy doesn't explain the gop's decisive demographic depete. exit polls show republicans lost by wide margins among latinos, african-americans, asian-americans and women. >> you cannot dodge, i think, the reality that the republican party has a woman problem. men are supportive, women are not. you got to look at it. >> what's happened with the republicans is they are the republican party a madmen party in a modern family america and it just doesn't fit anymore. >> in hindsight, senator marco rubio would have been the best choice to run with mitt romney. the gop needs to send a powerful signal to hispanic voters that the party respects them. >> conservative radio host though rush limbaugh fired back. >
hurricane sandy, but the potential demand coming from this nor'easter. add to that long-term policies and energy from president obama it'll make energy in interesting future. as you produce less and consume less, now the focus is on consumption. a look at oil today, slamming it today down three and a half dollars on a barrel of oil. that is an incredible move it even more incredible considering the fact oil rallied initially when the exit polls started to show traders might win the election. we are seeing prices get slammed. $0.10 per gallon, heating oil down 8.98. very interesting inventory report. huge demands, it sent lower on gasoline, 13% lower on diesel and that could get worse next week. back to you. lori: in the middle east more bullish for energy prices? >> it is, the focus is on the demand side of the equation. if europe is going to slow down, the u.s. will slow down, the middle east isn't going to pop up until something actually happens. a lot of supply even if we get a cut off of supply. lori: thank you. the dow down 270 points. we have to go to nicole petallides on the fl
extraordinary. >>neil: how much can folks take? victims of hurricane sandy are crying out for help. >> we need heat. we need running water. it is sewage water. i don't know if i can make it. i don't know what to do. i can't do it. >>neil: the leaders are saying they are doing great. >> we thank the administrator if today and more than today, for the federal government's response from day one. >> i thank you and keep doing a great job. >> i thank joe citizens a lot credit. >> they have done a go nominal job. >> i thank the governor for his continued leadership and focus. >> i thank the governor and his team for the great job they have done. >> this federal government performance is extraordinary. >> they are doing an outstanding job. >>neil: okay. hurricane sandy tore his town to shreds but didn't you know they are doing a great job. >>guest: i was absent for that memo. everyone was doing a great job for the first day when all of the shiny trucks were on the cape and they had a photo opportunity. the people that have been doing a great job are the private citizens giving us food and gloves and
? >> retailers like macy's finally quantifying the effect of hurricane sandy. walmart kicking off black friday earlier than ever. we start this morning with the markets looking to bounce back from yesterday's selloff and nearly 1313 drop in the dow. europe on wall street's radar after the ecb and bank of england kept key rates unchanged. draghi holding a press conference right now saying he sees economic rekafr ri remaining weak and reforms are crucial to boosting growth potential on top of greece passing an unpopular package of austerity measures on wednesday and necessary for greece to receive another round of international financial aid. china's ruling communist party congress con vealing today in a leadership change. so much to digest overseas, jim. what came out of the ecb is expected. came out of greece seems to be largely expected. but spain still resisting. a bailout. that's trouble. >> i know. every day the crucial -- that's the crucial link. you have to give them the good loans. take away the bad loans. create a situation of two banks and they're gone from 760 to 708. i think that th
the northeast today with wind, water and snow. its arrival came just over a week after hurricane sandy battered the region. police cars in new york city patrolled low-lying neighborhoods, urging people to evacuate again. the approaching nor'easter brought a wintry mix of cold and snow and possibly, minor flooding in already damaged coastal areas. new york mayor michael bloomberg: >> we haven't and won't order the kind of large scale evacuation we ordered in advance of hurricane sandy but if you are experiencing significant flooding during sandy you should consider taking shelter with friends and family at a safer spot or using one of the city's storm center shelters. >> sreenivasan: in new jersey, thousands of storm-weary people braced for their brush with the new storm, even as cleanup efforts continued from "sandy". governor chris christie suggested it was a little like the biblical plagues. >> when i finally got that final kind of, forecast that i got last night, i said i'm waiting for the locusts and pestilence next, you know. >> sreenivasan: the storm could also bring wind gusts of 65 mile
without power two weeks after hurricane sandy slammed into the northeast. they're not the only ones suffering. folks in new york city usually head to coney island to line up for music park -- amusement park rides but now they're lining up just to get something to eat. jonathan hunt is there. jonathan, how is it going? >> reporter: extraordinary to see scenes like this in 20th century america. some people have just trying to get the basics of life. they're picking up canned goods over here. over here we have well, military-style meals ready to eat. gatorade bottles, cases of water. and everything is numbered. they're allowed to take two canned goods. one gatorade. up to a case of water and then there is laundry detergent further down there as well. a lot of these people live in the project buildings behind me, rick, where they have been struggling to get by for two weeks now since hurricane sandy hit. i have to say the spirit we found among most of the people here, while they acknowledge their difficulty they're all determined to push through. listen. >> we don't have any electricity
in the national title game. >>> superstorm sandy no longer dominates the national headlines but certainly if you live in this area you know it's still very much a crisis for people living in those hardest-hit areas. we are going to go live to new york's rockaways coming up next. s that make kids happy. and even fewer that make moms happy too. with wholesome noodles and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. 100% new. 100% mmm... wow, that is mmm... it's so mmm you might not believe it's a hundred calories. new yoplait greek 100. it is so good. new yoplait greek 100. the wheels of progress haven't been very active lately. but because of business people like you,
. the market cap of australia's top insurer eroded on news that losses from super storm sandy will cut deeply into its bottom line. qb says it's now looking to raise half a bell i don't know dollars in debt to make up for around 300 to $450 million in losses from u.s. storm damage. the insurer still expects 30% more annual profit than last year, but it's a big step down from the strong profit picture painted through the first half. more corporate earnings there japan. in the philippines, ayala third quarter figure. i said i can't, malaysia and singapore markets closed to celebrate the festival of lights. >>> still to come, this week's installment of our trade links special. we'll talk about the challenges of building a start up abroad with the founder of the eco-friendly diaper company. >>> establishing a business can be a daunting task particularly to start ups and small businesses as the founders of an eco-friendly diaper company found out. kelly started asking by what challenges they encountered when they decided to move their business from australia to the united states. >> there was a ve
. >> something you were saying about reality -- we saw the october surprise, super storm sandy, natomas is spending the campaign, but also the -- not only suspending the campaign, but also the bloomberg endorsement. many were looking over the right shoulder in terror -- if you acknowledge that climate is a real -- yesterday, for the five members of congress went to defeat. because they were targeted for taking anti-science positions in independent districts. is the as starting to melt them apart in the republican party on climate science? is there an opening for the president and the administration to move more boldly? >> it is sandy a turning point in this discussion or not? >> the whole discussion of climate change has become so polarized that i think, if we can address some of our economic challenges, some of our immigration challenges, there are a whole host of things on the priority list to overcome all that. right now, it has become so divisive that i will look for any immediate move on that particular issue. >> the santa barbara oil spill was a galvanizing change. >> i think ther
in this election, certainly the convention in tampa and then sandy. it's easy to measure the impact but among the voters that decided last night and in the last seven days barack obama actually won a majority which is a huge surprise to political scientists around the country who will tell you when you have an incumbent challenger the challenger picks up the majority of the last voters and the so-called undecided voters. in this case they broke for the incumbent and sandy probably had something to do with that. so i think it is a matter of policy. it's a matter of outreach that includes people speaking for the republican party and a matter of tone making people feel that this is not just an inclusive party, these policies are inclusive and the way to create more jobs and never can be for everybody is to have the policies that were enunciated in the plan that met on the lead out and we were not successful getting it to that level. >> do you think the comments by the senatorial candidates todd akin and richard more mattered in the polling that use all for the republicans brought the? >> yes. ag
during an unseasonably cold spell in the northeast. adding to the damage left by hurricane sandy. a nor'easter blew through the east coast yesterday, dumping snow and rain on a region that's barely begun to dig out from sandy. we've got new pictures from staten island where several inches of wet snow are threatening to topple already weakened trees. power was knocked out to some 60,000 homes in newark and new jersey overnight. many of which had just had their service restored after many days in the dark. there's also renewed headaches for millions of commuters as passenger trains grind to a halt, and at least 1,300 flights are kept at the gates at the airports. let's go to meteorologist bill karins for a look at what is unfolding here. bill. >> good morning. before i get to the details, talking about joe's point there, nine days apart between these two events. i can almost guarantee you go back through history of hurricane landfalls, and i don't think any area has ever seen a snowstorm nine days after they dealt with a storm surge like we had with sandy. i mean, it's just ridiculous tha
were canceled due to sandy. as a result, analysts projecting the storm could knock upwards of $200 million off of airlines bottom lines and that could mean a further dip for the global airline industry as profits are already expected to be down more than 50% year over year. that's according to the international air transport association. for more on business travel new, head to to . up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.
from super storm sandy, a nor'easter is pummeling the region tonight, bringing with it powerful rains, wind and sleet. already today, 22,000 homes and businesses have lost power between the carolinas and new york. that's on top of the 650,000 people still without power from sandy last week. today's storm has also forced the cancellation of nearly 1,500 flights in the northeast, with newark airport in new jersey facing the most cancellations. >> susie: boeing showed today how it's preparing for the so- called "fiscal cliff": it's restructuring its defense business, big time. as the pentagon's largest supplier, boeing said it is slashing management jobs by 30%, consolidating business units and closing some defense facilities in california. boeing hopes to cut costs by more than $1.5 billion over the next two years. >> susie: boeing shares got caught up in the market downdraft, tom, falling 2%, and it had plenty of company. all 30 of the dow components were in the red today. >> there was a lot of red on the screen this post-election day. in europe, and also earnings, all getting mixed in
think the numbers are awful. >> sandy and fiscal cliff, a powerful combination. >> i don't want to shop. what does that mean if i don't want to shop. >> all retailers are doomed. >> frightening concept if i don't want to shop. >> i don't believe it. i can't believe it. >> i can't seen summon taking my debit card -- i wanted to go to the mall -- >> if that's not enough to get lawmakers' attention, i don't know what is. >> rise above, congress. that's what that says. >>> groupon tumbling market. missed wall street forecast. blaming weakness in europe for the shortfall. the stock has fallen more than 80% so far this year up. take a look at any metric and what you're seeing over the past three quarters there's a market decline in everything. in every important metric of its business there's a decline, including revenue growth. >> one of my favorite lines in this, what i regard as being almost a -- those remembering the dear soviet union they would put out -- soviet troops doing well in afghanistan. the best line is as discussed in our last call to understand the numbers, you have to dig bel
state asking uncle sam for at least $30 billion in federal aid after superstorm sandy. thousands are still without power. it is two weeks later. what the heck! former superintendent of insurance in new york is our guest today. >>> and as we americans salute our veterans, dozens of companies are pledging to hire at least 100,000 vets by 2020. we're going to meet one iraqi veteran who is actually one of the thousands hired by jpmorgan chase. it is a great story. that is ahead. first the top of the hour. sometime for stocks as we do every 15 minutes we head to nicole petallides on the floor of the new york stock exchange. girl, this market is trying to climb its way back but after the worst week in five months. >> that's right. last week was a tough one. we had a 300 point loss on one of the days. we saw heavy volume with the selling that we saw last week. so as we noted last week was not a good one. we're trying to give it a go and rebound. another another thing to note we're still below the 13,000 mark on the dow jones industrials and below 1400 on the s&p 500. these are levels pe
. on the fiscal cliff negotiations. >>> allstate says superstorm sandy will cost it more than one billion dollars. the insurance company says 2/3 of the losses are in new york state, with the rest in new jersey and other states. sandy is expected to be the second most expensive disaster in u.s. history behind hurricane katrina. allstate is the largest publicly-traded home and auto insurer in the united states. >>> your holiday travel plans will cost you more this year. travel sites orbitz and kayak predict travelers traveling to top destinations will pay 8% more than they did last year. that is the latest from the fox business network, giving you the power to prosper. lori: both political sides publicly acknowledging that fiscal cliff talks are making very little progress. i'm shocked. melissa: it is shocking. lori: now president obama is meeting with chief executives for the second time in two weeks. can the business community muster pressure to bring parties closer to a deal. lou dobbs is here with his take. you must be surprised as well, sir? >> i am a little surprised. both sides said they wi
down amid controversy about the utility's performance amid the devastation of hurricane sandy. he said he had been planning for months to resign. >> there was a story, lead story about long island power and how awful -- >> governor cuomo set up a group to go looking into how all of these power authorities actually performed during this. >> there are crazy things going on in my neighborhood too where these guys are working hard and they come from all over. some union -- some non-union guys were turned away. other ones, i heard, standing around, they didn't know where to go. it took a long time, when they did come, they weren't aware we were still down, we had to flag people down, two full weeks. anyway, back to the tuna story we promised you. fishing experts are meeting in morocco to discuss the future of the blue fin tuna. participants are expected to call for an increase in quotas for tuna. the blue fish has begun recovery in recent years after at one point being on the brink of extinction. in japan, as you can imagine as the world's largest tuna consumer. sushi, right? >> right. >> e
problems along the east coast after sandy. there are a lot of issues along the supply chain that really need to be corrected perhaps before we get to these projections, even if we're able to produce as much oil as the international energy agency is saying, will we have the infrastructure to support it at that time before 2020? >> you're mentioning an important point here. infrastructure is needed. with our experience when you start to produce infrastructure will follow, so it's either we are investing as oil companies or we're asking oil companies to invest in the mid stream and to the downstream which is pipelines and terminals, refineries et cetera. i think these will come. clearly the company needs more infrastructure, like light oil or oil shale gas is not in the normal centers like we used to have at the gulf coast, et cetera, so therefore investments in pipelines, gas facilities and therefore also refineries will be very important but normally when the natural resources are there, the investments are coming. let me also be clear, we need an energy policy which actually sets the ri
's interesting, because the cbo believes that. >> we had hurricane sandy that disrupted the economy for a period. we had katrina years ago. there are things that will disrupt the economy. 9/11 was an extraordinary case. but we have a very resilient economy. we've had one for hundreds of years. and the fact that they can't get along for the month of january is not going to torpedo the economy. >> so i want to make clear, he wants to see a deal made. but he says, you have to be willing to go past december 31st. if you need to, you have to make every attempt to reach a deal. but he says, quote, don't roll over and give away the store. he sees the president in his second term being able to hold a very hard line. bottom line, you know where he stands on taxes. he wants them much higher. >> talking about taxes, how much higher? >> that's the question, getting specifics. i asked him that on capital gains taxes, money made off of investment, but also on income taxes for regular people. take a listen. >> are you saying there's no taxation level that's too high? whether it's capital gains or investments o
Search Results 0 to 49 of about 103 (some duplicates have been removed)